As a seasoned real estate investor, one does not always have access to unlimited funds in the bank. Actually any savvy investor would not be so smart if they did. It’s wise to put your money into cash flowing or cash building assets and bank accounts are not cash building. Therefore, there may be times when even wealthy investors would be smart to use high interest, high-cost hard money to invest in short-term purchases of real estate.
A Hard Money Loan may also be referred to using the acronym HML.
One of my most popular sayings in real estate investing … Read the rest